Cigna Investments Inc. New grew its position in Mondelez International Inc (NASDAQ:MDLZ) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,391 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Cigna Investments Inc. New’s holdings in Mondelez International were worth $2,023,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Total Clarity Wealth Management Inc. purchased a new stake in shares of Mondelez International in the 4th quarter worth $25,000. Americana Partners LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth $26,000. IndexIQ Advisors LLC purchased a new stake in shares of Mondelez International in the 4th quarter worth $27,000. Marquette Asset Management LLC purchased a new stake in shares of Mondelez International in the 1st quarter worth $25,000. Finally, Retirement Network purchased a new stake in shares of Mondelez International in the 4th quarter worth $28,000. Institutional investors and hedge funds own 77.98% of the company’s stock.
NASDAQ:MDLZ traded up $0.42 during mid-day trading on Friday, hitting $49.70. 4,138,907 shares of the company’s stock traded hands, compared to its average volume of 6,795,827. The company has a fifty day moving average of $51.26 and a 200 day moving average of $53.24. Mondelez International Inc has a twelve month low of $41.19 and a twelve month high of $59.96. The company has a market capitalization of $70.62 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.98 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.39 and a current ratio of 0.53.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Mondelez International had a return on equity of 13.73% and a net margin of 14.24%. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect that Mondelez International Inc will post 2.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, June 29th. Mondelez International’s dividend payout ratio is presently 46.15%.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Monday, March 30th. Evercore ISI restated a “buy” rating and set a $62.00 price objective on shares of Mondelez International in a research note on Monday, January 27th. Berenberg Bank restated a “hold” rating on shares of Mondelez International in a research note on Thursday, February 6th. Piper Sandler decreased their price objective on Mondelez International from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Buckingham Research upped their price objective on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $61.00.
In other news, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $50.32 per share, with a total value of $100,640.00. 1.30% of the stock is currently owned by corporate insiders.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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